Nov 16, 2012 4:00pm PST
minority leader nancy pelosi said no one at this meeting broached any specific numbers for the overall deal. >> i think it would be good if we did something in a $4 trillion category of deficit reduction, which is similar to the grand bargain that was discussed last year and so that would be a standard that i would have, but i don't want to give you the impression that that was the goal. maybe we could do more. >> senate minority leader mitch mcconnell said the republicans are willing to look at enhanced revenue collection, but only if what he called the real problem, entitlement spending, is also on the table. >> harris: james, we did get our first indications of the timetable for a possible deal today. >> that's true. the congressional leaders said their aim is to try to get to the president's desk some outline of a deal by the week after thanksgiving. >> i outlined a framework of the deal with reforming our tax code and reforming our spending. and i believe that the framework that i've outlined in our meeting today is consistent with the president's call for a fair and balanced approach.